PHD Virtual Technologies, pioneer and innovator in virtual machine backup and recovery, and provider of virtualization monitoring solutions, announced record revenue for fiscal year 2011. PHD Virtual continued its trend of strong quarterly growth, with the fourth quarter of 2011 marking the sixth consecutive quarter of record revenue growth for the company. The company achieved significant growth in its customer base with new customer acquisition growing by 75%.
PHD Virtual recorded strong product growth across its VMware and Citrix product lines both domestically and internationally during the year. The company invested in expanding its business with the addition of key distributors in international markets which helped to accelerate international revenue growth, including more than a 50% increase in revenue from the EMEA region. The company also saw success expanding into new markets and increasing sales to existing customers with new releases of its data protection solution and the addition of its new comprehensive monitoring solution, PHD Virtual Monitor.
The new PHD Virtual Backup and Replication version 5.3 was released in the fourth quarter, extending the company’s flagship data protection solution with virtual machine replication, faster performance, and flexible archiving technologies that provide an easier, more cost effective solution for disaster recovery of VMware and Citrix virtual environments. Its PHD Virtual Backup solution continued to achieve significant competitive wins over other vendors including Veeam, Quest and Symantec. Most commonly cited by customers was PHD Virtual’s ability to provide a robust data protection and disaster recovery solution that was significantly easier and more cost effective than alternatives.
“The business continued to grow sharply through 2011 and we are very pleased to record our sixth consecutive quarter of record growth,” said Thomas Charlton, chairman and CEO, PHD Virtual. “We built a solid foundation for the business throughout the year, while expanding our portfolio of data protection and management solutions to take advantage of continued growth in the virtualization market. 2012 will see continued expansion of our product portfolio with planned enhancements and new technologies targeted at optimizing data protection, monitoring and management for the rapidly growing Cloud, Service Provider and Virtual Desktop (VDI) Markets.”